VMT 4.17% 11.5¢ vmoto limited

Ann: Strategic Review Update, page-7

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  1. 98 Posts.
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    Greetings Gotta & all other posters here!
    I feel the new direction validates our concern that Vmoto was failing. We now seem to have abandoned retail, abandoned the hope of expanding our manufacturing into our "too big" floor space, and abandoned flogging scooters to China when the authorities there seem to be fighting against that policy. At a cost of course of another write down.
    So this new direction looks ok but only time (and shareholder wealth increase) will tell. I have a concern that we now look to be selling somebody else's scooters but I for one will drop off my criticism now and hope that Phil and management can marry all this stuff together smoothly and rapidly.
    Suggest we all hang on now, give them some clear air and we hope.
    Cheers to all!
    Bardot
 
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